17512 Columbia

Archive for March 1st, 2012|Daily archive page

today’s news … Thursday, March 1

In Uncategorized on March 1, 2012 at 6:00 am

today’s news and information gleanings from here and there! 

Quote for today… “If March comes in like a lion, it will go out as a lamb.” – author unknown quote. Here is more about March quotes and expressions from the Farmers’ Almanac.

“Columbia’s Anthony Rosado goes to the hoop for two of his 14 points” in last night’s game. (SOURCE: Suzette Wenger, Staff – Lancaster Intelligencer Journal/New Era)

  • The Historic Columbia Market House is open today and tomorrow (Friday)! First opened in 1869, the majestic structure that is the Market House retains the charm of another era as it delivers delights from the fields, orchards, ovens, kitchens, hands and hearts of local stand holders.

How Citibank Dumped Lousy Mortgages on the Government” – ProPublica

In Government, Opinions on March 1, 2012 at 5:45 am

[EDITOR'S NOTE: This is another article on the arrogance of big banking and big bailouts! When will "Sid & Sally Citizen" get bailout assistance - Never!]

by Cora Currier, ProPublica

“Citigroup agreed (last week) to pay $158 million to settle a lawsuit over bad loans that the bank passed on to the Federal Housing Administration to insure. The whistle-blower who originally brought the case, Sherry Hunt, an employee of Citi’s mortgage department, said the company actively undermined the process that was supposed to check for fraud in order to push through reckless loans and get higher profits.

“The suit itself makes for good reading. We’ve pulled out the juiciest bits, and explain just what Citi appears to have been doing.

“Some background: The FHA insures one-third of the mortgages loans in the country, taking on the risk of homeowners’ default from lenders like Citi. The government requires lenders to certify that insured loans meet FHA standards.

“Citi appears to have flouted those standards. According to the lawsuit, the bank passed along subpar loans to the FHA until very recently, making “substantial profits through the sale and/or securitization of FHA-backed insured mortgages” while “it wrongfully endorsed mortgages that were not eligible.”

“In the settlement, Citi, which was bailed out by taxpayers in 2008 to the tune of $45 billion, “admits, acknowledges, and accepts responsibility” for passing on bad loans.

“The suit’s allegations

“Citi was passing on mortgages with particularly high rates of default to the FHA, costing taxpayers millions in insurance claims:

To continue reading this article in its entirety, click here.

“A little bit of knowledge: the perils of genetic tests for Alzheimer’s disease” – The Conversation

In Everyday Living on March 1, 2012 at 4:42 am

“Genetic mutations are the cause of many incurable diseases and we now have tests to predict the likelihood of people developing inherited diseases. But predictive genetic tests for neurodegenerative diseases have many implications and, for some, such tests are like opening Pandora’s box.

A positive result from predictive genetic testing can give rise to mental health issues, such as depression and suicide. pedro veneroso/Flickr

“A positive result from predictive genetic testing can impact future health-care and employment options, and give rise to mental health issues, such as depression and suicide. A negative result can bring relief in the knowledge that the disease may have been avoided for current and future generations within a family.

“But, in the case of some neurodegenerative diseases, particularly Alzheimer’s disease, the case for predictive testing is not so clear cut.

“Genes and neurodegenerative diseases

“Neurodegeneration is a term used to describe the progressive loss of function and eventual death of neurons. Some neurodegenerative diseases are associated with autosomal dominant inheritance, which means only one copy of a mutant gene is necessary to cause disease, and each child of an affected parent has a one in two chance of inheriting the mutation.

“Causative genetic mutations have now been identified for a number of neurodegenerative diseases. Predictive genetic testing for Huntington’s disease, for instance, has been Read the rest of this entry »

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